2018 UEM Edgenta Annual Report

Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Cash flows from financing activities Proceeds from issuance of ordinary shares to non-controlling interests – 15,814 – – Finance lease repayment (1,113) (986) – – Drawdown of borrowings 149,636 337,389 50,000 300,000 Repayment of borrowings (175,320) (552,211) (50,000) (467,030) Dividends paid (241,171) (124,744) (241,171) (124,744) Dividends paid to non-controlling shareholders of subsidiaries (2,460) (1,408) – – (Placement)/withdrawal of fixed deposits (2,097) 66,676 – 61,619 Cash flows from discontinued operation – (36,304) – – Net cash flows used in financing activities (272,525) (295,774) (241,171) (230,155) Net (decrease)/increase in cash and cash equivalents (25,123) (5,295) (55,878) 62,755 Net foreign exchange difference (831) (18,068) – – Cash and cash equivalents at beginning of year 488,798 512,161 87,277 24,522 Cash and cash equivalents at end of year (Note a) 462,844 488,798 31,399 87,277 (a) Cash and cash equivalents comprise: Cash in hand and at banks 232,187 200,091 4,273 4,912 Fixed deposits with licensed banks 264,106 309,131 27,126 82,365 Fixed deposits with other financial institutions – 10,860 – – Cash, bank balances and deposits (Note 24) 496,293 520,082 31,399 87,277 Less: Fixed deposits on lien (15,674) (14,804) – – Less: Fixed deposits pledged (17,775) (15,547) – – Less: Cash and fixed deposit restricted in usage – (933) – – 462,844 488,798 31,399 87,277 The accompanying accounting policies and explanatory information form an integral part of the financial statements. STATEMENTS OF CASH FLOWS For the year ended 31 December 2018 Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 154